5 Best 5G Stocks To Buy Now

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 259

In terms of 5G, Microsoft Corporation (NASDAQ:MSFT) has been focusing on developing cloud-based services and solutions that leverage the capabilities of 5G networks to deliver faster and more reliable connectivity for their customers. It is one of the best 5G stocks to invest in. On March 15, Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend of $0.68 per share, in line with previous. The dividend is payable on June 8, to shareholders of record on May 18. 

On March 20, Evercore ISI raised the firm’s price target on Microsoft Corporation (NASDAQ:MSFT) to $295 from $280 and kept an Outperform rating on the shares. The firm stated that Microsoft Corporation (NASDAQ:MSFT) introduced Microsoft 365 Copilot last week, which incorporates powerful artificial intelligence technology into the company’s core productivity suite. The rollout of this technology highlights why Evercore ISI believes that Microsoft Corporation (NASDAQ:MSFT) will continue to be a leader in AI adoption, particularly in the commercial market. Evercore argued that Microsoft’s ability to embed AI throughout its dominant application franchise and use first-party data to improve productivity for users is a unique advantage.

According to Insider Monkey’s Q4 data, 259 hedge funds were long Microsoft Corporation (NASDAQ:MSFT), compared to 269 funds in the earlier quarter. Bill & Melinda Gates Foundation Trust is the biggest stakeholder of the company, with 39.2 million shares worth $9.4 billion. 

Ariel Global Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2022 investor letter:

“Enterprise software provider Microsoft Corporation (NASDAQ:MSFT) also traded lower, as higher interest rates and economic concerns have created headwinds for growth-oriented technology companies. We believe this price action runs counter to Microsoft’s solid fundamentals, competitive positioning and long-term business outlook. We continue to anchor on the company driving value creation by capitalizing on a broad and deep set of opportunities, most notably within hybrid cloud infrastructure. The platform continues to demonstrate share gains and strong multi-year purchase intent as enterprises transition to cloud based platforms. At current trading levels, we believe Microsoft’s risk/reward is skewed to the upside.”

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